IHC, through its subsidiaries, holds a 1.26% stake in Adani Green Energy and 1.41% in Adani Energy Solutions, valued at around ₹3,327 crore based on Thursday’s closing prices.
The promoter groups have raised a 2.06% stake in Adani Enterprises and 2.17% in Adani Ports & SEZ via open market transactions.
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.
This is the second major allegation against billionaire Gautam Adani-led Adani Group after an adverse report by Hindenburg released in January this year.
SEBI submitted its 15-page “status report” before the Supreme Court on August 25, while the apex court is scheduled to hear the matter on August 29.
Adani Enterprises topped the chart by falling over 5%, followed by Adani Ports, Adani Energy Solutions, Adani Power, Ambuja Cements, among others.
Adani Green Energy was the best performer among the group stocks with 15.58% increase in market cap, while NDTV was the least performer with 0.61% rise in value.
Bain will buy out 100% of the Adani family’s private investments in Adani Capital, while Gaurav Gupta will continue to serve as MD and CEO
The investments are proof of the underlying strength of the group’s businesses and its commitment to the highest level of governance, says Adani group.
